As stated earlier, one can calculate the interest he/she would earn upon maturity with a National Saving Certificate calculator.
You can also perform a manual calculation to determine the total interest on your investment. However, those using an online NSC interest calculator must enter the data mentioned below –
- NSC type (VIII issue/IX issue)
- Purchasing date of NSC
- Amount invested in National Saving Certificate Scheme
- Total period
- Applicable interest rate
Once you enter data in relevant boxes, the NSC returns calculator will show results.
Rate of interest will depend on the time of investment. The finance minister decides this interest rate and announces it via a circular.
As of 2021, the NSC interest rate stands at 6.8%.